Food Prices to Double by 2030 Says Oxfam
The average price of staple foods will more than double in the next 20 years, leading to an unprecedented reversal in human development, Oxfam has warned.
The world’s poorest people, who spend up to 80% of their income offood, will be hit hardest according to the charity. It said the world is entering an era of permanent food crisis, which is likely to be accompanied by political unrest and will require radical reform of the international food system.
Research to be published on Wednesday forecasts international prices of staples such as maize could rise by as much as 180% by 2030, with half of that rise due to the impacts of climate change.
“We are sleepwalking towards an age of avoidable crisis,” Oxfam’s chief executive, Barbara Stocking, said. “One in seven people on the planet go hungry every day despite the fact that the world is capable of feeding everyone. The food system must be overhauled.”
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